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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 231.80+1.7%Jan 16 3:59 PM EST
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To: AK2004 who wrote (16299)10/27/2000 10:17:57 PM
From: bacchus_iiRead Replies (2) of 275872
 
I wish they had dumped all of them. I think Fidelity have so much INTC shares that they play Intel's game here. We all know that if by May-01 AMD will force conversion of 1/2 billions $ convertibles provide that the shares price stay over $17.50 for 20 of the last 30 trading day if my memory is good.

Fidelity don't care about any lost they make on AMD. If INTC goes down a couple of point, it's more lost to Fidelity then if AMD goes to zero. They are in interest conflict here.

Gottfried (very.paranoid.tonight)
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